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hhgregg, Inc. Message Board

  • daveo3518 daveo3518 May 13, 2008 8:51 AM Flag

    New stores

    HHgregg is opening three store here in the Orlando area. I have seen the advertising and have a good feel for this market. They could not have picked a worse time for this kind of mass grand opening. We here in Orlando have seen a bigger drop in housing prices than many in the country. New construction has ground to a halt and remodel has slowed. Large ticket appliance sales have also slowed. The restaurants in the area that had waiting times, are now walk up and be served. Some here are saying just wait for the rebates. The tax rebates are generally not large enough for the person to go out and buy one of the profitable front load washers or a big refrigerator. This leaves small ticket items that do not pay the bills. The billionaires interviewed on CNBC this morning where all talking about recession the last half of the year. I'm in at around 10.25 since March, but am watching close. Tough times ahead. Anyone seeing signs of hope in your area?

    P.S. What is up with all the spam on this board?

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HGG
8.97-0.02(-0.22%)Jul 25 4:03 PMEDT

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